Our Black Book will be the first in a series focusing on the headwinds and tailwinds by sub-sector in Consumer Staples. We start with the supermarkets, where nearly everything in Consumer Staples is sold. Next, we will dig into several key topics, the setup from here, and most importantly, outline our investment recommendations for each grocer.
Hedgeye's Macro team continues to see more evidence for Quad 2 in Q4. We will show how the grocers have performed historically in Quad 2, what may be different this time, and if we should expect a repeat of the past.
Inflation is top of mind for the stock market as well as for consumer staples. Inflation is said to be suitable for the grocers, with the top-line benefit creating nominal growth. We will show if that holds true for periods of high inflation.
The pandemic has had an outsized impact on the grocery sector. But, what changes are permanent and what are temporary? Is this a new normal for at-home food consumption?
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CLICK HERE at the time of the event for the webcast and materials. |
The key topics we will explore:
- Inflation - transitory?
- Wage pressure
- Government transfer payments
- Pandemic's lasting impact
- Return to the office
- Gross margin outlook
- and more
To add to your calendar, CLICK HERE.
